Intermodal rail traffic fell 17% last week compared with the same week last year, the Association of American Railroads said.
June 19, 2009BusinessSafetyGovernment
Mass. Transportation Plan Delays Toll Increase
The Massachusetts Senate has approved a transportation reform bill that would avoid a planned toll increase in tolls聽and would abolish the Massachusetts Turnpike Authority by the end of the year, the Associated Press reported.
June 19, 2009BusinessGovernment
Opinion: Restructuring for LTL Success
A carrier鈥檚 primary mission is to operate profitably while keeping customers loyal. However, less-than-truckload carrier sales teams often fall short of the mark because they work separately from the operations division and often are at cross-purposes unintentionally.
June 19, 2009BusinessSafetyGovernment
Oberstar Wants 57% Boost in Highway Spending
A key congressman wants to boost federal highway spending by 57% and set a six-year plan for such spending, a strategy at odds with Transportation Secretary Ray LaHood, who is seeking a shorter, 18-month extension of highway funding.
June 18, 2009BusinessTechnologyGovernment
YRC Sets Pension Fund Agreement with Teamsters
YRC Worldwide said it has finalized an agreement with the Teamsters union in which YRC will provide real estate assets as collateral in lieu of contributions to the union鈥檚 pension fund in the second quarter.
June 18, 2009GovernmentBusiness
Leading Economic Indicators Gain 1.2%
An index of leading economic indicators rose 1.2% last month, the New York-based Conference Board said Thursday.
June 18, 2009BusinessGovernment
Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia region improved this month but still showed contraction, the Federal Reserve Bank of Philadelphia said Thursday.
June 18, 2009BusinessSafety
Initial Jobless Claims Rise; Continuing Claims Fall
Initial jobless claims increased last week, but the number of Americans collecting jobless benefits fell the week before for the first time since January, the Labor Department said Thursday.
June 18, 2009Business
FedEx Reports $876 Million 4Q Loss
FedEx Corp. reported it lost $876 million in its fiscal fourth quarter, due largely to one-time charges totaling $1.2 billion.
June 17, 2009BusinessTechnologyEquipmentSafety
UPS Launches Web-Based Parts Fulfillment System
UPS Inc. has launched a new Web-based system that it says will allow companies to more easily manage parts inventory and order and ship parts.
June 17, 2009